Business Briefs: Purdue Pharma gives to drug-monitoring group

Published
7:27 pm EST, Wednesday, November 24, 2010

Purdue Pharma gives

to monitoring group

Stamford-based Purdue Pharma LP gave the National Association of State Controlled Substances Authorities a $200,000 grant to help support the operation, expansion and awareness of monitoring programs. The association will manage the solicitation, review and funding of grant proposals. State government agencies or departments will be selected based on an independent review by the organization. Purdue Pharma will have no input into the final selection process. The grant monies are scheduled to be distributed to various state government departments or agencies by the end of next year.

Subway in search of

`High School Heroes'

People interested in nominating someone for Milford-based Subway's High School Heroes contest have until Dec. 1 at the Facebook page, Subway High School Heroes. The sandwich shop franchisor is searching for people who inspire high school students. After Dec. 1, you will be allowed to vote on Facebook for the person you believe is most inspirational; a winner will be announced Dec. 16. The top prize is $10,000 and an Apple iPad.

Greenwich-based First Reserve Corp., a private-equity firm in the energy sector, was inducted into The Private Equity Analyst's Private Equity Hall of Fame. The editors cited First Reserve's track record in acquiring and backing energy-related companies, as well as the firm's ability to show the investment potential within the energy sector through a diversified approach.

The firm also was praised for finding success globally and for its ongoing communication with its limited partners. William Macaulay, chairman and chief executive officer of First Reserve, accepted the award at the 2010 Private Equity Analyst Conference in New York earlier this year.